According to the official governance forum, a new Aave community proposal suggests adding stEUR as a pure collateral asset on the Aave V3 Ethereum pool. stEUR represents pledged agEUR, which is a decentralized stablecoin pegged to the euro minted by the Angle Protocol.

According to user @ai_9684xtpa, who is monitoring the ETH/BTC exchange rate, a whale that is continuously buying ETH/BTC has a health score of 1.06 on Aave, indicating a high risk of liquidation.

Gauntlet has initiated a proposal to change the borrowing and supply limits for Ethereum in v3 within the Aave community. According to Gauntlet's supply and borrowing limit methods, the proposal suggests increasing the WSTETH supply limit to 1.1 million and increasing the BAL supply limit to 700,000 on Ethereum v3.

According to on-chain analyst Yu Jin, a whale transferred 7,416 ETH (approximately $11.64 million) to Binance for sale last night, and then withdrew 12.34 million USDT to repay the loan on Aave. The whale had leveraged long on ETH from June 12th to July 5th: borrowed 18.9 million USDT from Aave by mortgaging ETH, transferred it to Binance, and then withdrew 10,460 ETH at an average price of $1,806. This leveraged long on ETH resulted in a loss of about $1.22 million (-6.5%).

As monitored by on-chain analyst Yu Jin, 8 minutes ago, an address transferred 16,816 AAVE ($1.07 million) to Binance. These AAVE were withdrawn from Binance to this address on 9/17 at an average price of $60. If sold, the owner will realize a profit of $60,000 (+6%).

On October 17th, according to Etherscan data, the issuance of Aave's native stablecoin GHO has exceeded 25 million, reaching 25,152,308 coins as of now. Previously reported by Jinse Finance, the Aave community has passed the ARFC proposal "Further Increase the GHO Stablecoin Lending Rate to 3%". The proposal proposes to further increase the GHO lending annual interest rate from 2.5% to 3%, with the aim of strengthening GHO anchoring and increasing income. The discount for stkAave holders remains unchanged at 30%.

Snapshot page shows that the ARFC proposal from the Aave community to "further increase the GHO borrowing interest rate to 3%" has been approved with a support rate of 99.86%, and the proposal has been upgraded to the AIP stage.

Snapshot page shows that the ARFC proposal by the Aave community to "further increase GHO borrowing rates" will end voting at 17:51 today; the required number of votes has been reached and the support rate is 99.92%. The proposal suggests further increasing the GHO borrowing rate by 50 basis points (bps), from 2.5% to 3%, to strengthen GHO anchoring and increase GHO revenue. The discount for StkAave holders remains unchanged at 30%. Earlier on September 19th, the Aave community had voted in favor of the proposal to "increase GHO borrowing rates to 2.5%".

On October 14th, Gauntlet, a DeFi risk management firm, proposed that Aave should stop using stablecoin MAI in its lending services due to its significant deviation from its peg. They suggest setting the loan-to-value (LTV) ratio of MAI to 0 and increasing borrowing rates to enable forced liquidation. Gauntlet estimates that the expected impact of forced liquidation is about $70,000. As previously reported by BlockBeats on October 13th, according to CoinGecko data, stablecoin MAI (MIMATIC) has been deviating from its peg since May 2023 and is currently priced at $0.7232, with a 24-hour drop of 12.3%.

According to the official governance page, Gauntlet has proposed to abandon MAI/MIMATIC in the Aave community. The proposal suggests that, given that the price of MAI/MIMATIC has dropped to around $0.72 in the past 24 hours and has been unable to recover its peg for the past few months, Gauntlet proposes to begin abandoning MAI/MIMATIC with the goal of incentivizing repayment by reducing loan terms and increasing borrowing rates.